With spenders returning to the industry and the re-sale market gaining strength everyday, many brokers are beginning to notice a lack of appropriate yachts for buyers. “The biggest challenge for us all is the lack of quality stock in some sectors, particularly 40-55m steel motoryachts, where a lot of good stock has been sold” explains Simon Turner from the London office of Camper & Nicholsons International. “Many of the remaining yachts in this sector remain over priced and still need to drop in order to entice buyers to make a move” he continues. While there could be worse issues than buyers finding a lack of stock, Turner believes the market overall is improving year on year. “Where the yachts of very good quality are maintained to a high standard, we are seeing transaction and list prices start to converge rather than diverge, as multiple buyers vie for the same yacht” he concludes.

The week running 10 - 16 March saw zero sales completed in the 30m+ bracket, nine new central agencies announced, and 15 price reductions made.

New Central Agencies

Central agencies remained on par with last week as nine new listings were announced.

It’s a draw for the largest new listing this week: Josh Gulbranson of Fraser Yachts has listed 2012 Delta built 50m Arianna for sale at $32,500,0000; and YachtZoo have placed 2007 Heesen built 50m Galactica for sale at €24,500,000.

Galactica is for sale with Yachtzoo

Arrival Yachts have two new listings this week: 2012 Sunseeker 34.53m Sia is for sale at an undisclosed price; while 2002 Sunseeker built 32m Beachseeker is for sale at €2,200,000.

Two new listings from Sunseeker: David Jones has listed 2011 38m Never Say Never for sale at €10,000,000; and Richard Tilley holds the listing for 2009 37m Lady Rima for sale at £6,995,000.

Van der Vliet has listed 2005 Van Dam Nordia built 31.12m Good Times for sale at €3,385,000.

The final two listings this week are from YachtZoo with 2003 ISA built 47.5m 360 on sale at €11,900,000; and 2003 Lazzara 32.3m Battleship is listed at $4,199,000.

Price Reductions

Price reductions rose again slightly to 15 announced following last week’s nine. The following yachts are still on the market looking for buyers:

The largest yacht to be reduced this week was 2007 Alloy Yachts built 51.7m Red Dragon, now on the market at €17,950,000 through Jonathan Barbe at Edmiston.

Red Dragon

Christian Daves of Denison & Daves has reduced 2009 Westport built 34m High Cotton, to $7,900,000.

Another reduction from Edmiston with Robert Shepherd announcing the new price of 2013 Bloemsma Van Breeman built BVB44M to €18,000,000.

Two reductions from Fraser Yachts: Ken Burden has lowered the asking price of 1987 Benetti built 50 Rima II to €9,800,000; and David Legrand has lowered 1993 Christensen built 34.01m Criss C to €3,100,000.

Two reductions from International Yacht Collection this week: joined by Merle Wood & Associates, 2007 Trinity built 49.9m Imagine is now on the market at $24,900,000; while Scott Jones has reduced 1991 Christensen built 38.1m Sunchaser to $750,000.

Moran Yacht & Ship have lowered the asking price of 2002 Hakvoort built 33.68m Sagamar to €5,900,000.

Three reductions from Northrop & Johnson this week: 1982 Feadship built 42.37m Centinela IV is priced at $8,400,000; 1978 Feadship built 38.4m Sirenuse is now listed at $3,795,000; and 2009 Custom built 34m Ocean Runner is listed at $4,950,000.

Two reductions from Ocean Independence this week: Marco Vandoni and Mario Velona have lowered the asking price of 2002 Benetti built 44.2m More to €8,950,000; while Eric Trupheme has reduced 2012 Esen Yacht built 36m Glorious to €4,495,000.

Chris June and Mark Osterhaven of Worth Avenue Yachts have listed 2004 Azimut built 35.3m Happy Hour for sale at $5,495,000.

The final reduction this week is from YachtZoo with 2002 Hakvoort built 44.7m Cracker Bay, now priced at $19,950,000.

Please send all brokerage news to newsdesk@thesuperyachtgroup.com

To receive breaking news notifications, download our free app.

If you like reading our Editors' premium quality journalism on SuperyachtNews.com, you'll love their amazing and insightful opinions and comments in The Superyacht Report. If you’ve never read it, click here to request a sample copy - it's 'A Report Worth Reading'. If you know how good it is, click here to subscribe - it's 'A Report Worth Paying For'.